H&R Block Loses Appeal Over Insurance Coverage

Law360, New York (November 17, 2008, 12:00 AM EST) -- An appeals court has ruled against H&R Block Inc. in a dispute over whether two of the company's insurers were obligated to cover class actions the tax preparation giant faced over its tax refund loan program.

In a decision issued Friday, the U.S. Court of Appeals for the Eight Circuit agreed with a lower court that the tax preparer wasn't covered for lawsuits it faced during the period it was insured by American International Specialty Lines Insurance Co., and Lexington Insurance Co. The contracts inked between...
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